Create APF Pension plan
Under 'Employer', the APF pension plan can be created and linked to all employees at once. Go to Employer Settings, select "Pension Plans", add a new pension plan, and enter relevant details such as contribution percentages, eligibility criteria, and applicable/all employees. Save and Apply – Confirm the settings to ensure the pension plan is active for the selected employees.
Note: On January 1st of each year, you must increase the employer and employee pension contributions by 0.25% each (a total increase of 0.5%). Once you save this change, the updated pension contribution will automatically apply to all linked employees with a single click.